Miramar Hotel and Investment Company
Market Cap
HK$10.3b
Last Updated
2021/05/08 10:26 UTC
Data Sources
Company Financials
Executive Summary
Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in Hong Kong and Mainland China. More Details
Risk Analysis
Snowflake Analysis
Flawless balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Miramar Hotel and Investment Company's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 71 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 71's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-1.7%
71
-6.6%
HK Hospitality
-0.7%
HK Market
1 Year Return
5.1%
71
19.1%
HK Hospitality
25.7%
HK Market
Return vs Industry: 71 underperformed the Hong Kong Hospitality industry which returned 19.1% over the past year.
Return vs Market: 71 underperformed the Hong Kong Market which returned 25.7% over the past year.
Shareholder returns
| 71 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -6.6% | -0.7% |
| 30 Day | 0.9% | -10.5% | -1.6% |
| 90 Day | 4.8% | -13.1% | -2.9% |
| 1 Year | 9.6%5.1% | 19.9%19.1% | 30.6%25.7% |
| 3 Year | 6.5%-5.6% | -19.9%-25.1% | 3.5%-7.5% |
| 5 Year | 27.1%4.9% | 50.3%31.2% | 62.2%34.7% |
Long-Term Price Volatility Vs. Market
How volatile is Miramar Hotel and Investment Company's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Miramar Hotel and Investment Company's (HKG:71) Returns On Capital Not Reflecting Well On The Business1 month ago | Simply Wall St
A Look At The Fair Value Of Miramar Hotel and Investment Company, Limited (HKG:71)1 month ago | Simply Wall St
What Is The Ownership Structure Like For Miramar Hotel and Investment Company, Limited (HKG:71)?Valuation
Is Miramar Hotel and Investment Company undervalued compared to its fair value and its price relative to the market?
34.19x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 71 (HK$14.94) is trading above our estimate of fair value (HK$5.36)
Significantly Below Fair Value: 71 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 71 is poor value based on its PE Ratio (34.2x) compared to the HK Hospitality industry average (33.3x).
PE vs Market: 71 is poor value based on its PE Ratio (34.2x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 71's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 71 is good value based on its PB Ratio (0.5x) compared to the HK Hospitality industry average (1x).
Future Growth
How is Miramar Hotel and Investment Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
60.6%
Forecasted Consumer Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Miramar Hotel and Investment Company has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Miramar Hotel and Investment Company performed over the past 5 years?
-8.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 71 has high quality earnings.
Growing Profit Margin: 71's current net profit margins (23%) are lower than last year (42%).
Past Earnings Growth Analysis
Earnings Trend: 71's earnings have declined by 8.5% per year over the past 5 years.
Accelerating Growth: 71's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 71 had negative earnings growth (-76.5%) over the past year, making it difficult to compare to the Hospitality industry average (-69.9%).
Return on Equity
High ROE: 71's Return on Equity (1.5%) is considered low.
Financial Health
How is Miramar Hotel and Investment Company's financial position?
Financial Position Analysis
Short Term Liabilities: 71's short term assets (HK$5.4B) exceed its short term liabilities (HK$515.1M).
Long Term Liabilities: 71's short term assets (HK$5.4B) exceed its long term liabilities (HK$532.3M).
Debt to Equity History and Analysis
Debt Level: 71's debt to equity ratio (0.01%) is considered satisfactory.
Reducing Debt: 71's debt to equity ratio has reduced from 10.1% to 0.01% over the past 5 years.
Debt Coverage: 71's debt is well covered by operating cash flow (9225.4%).
Interest Coverage: 71's interest payments on its debt are well covered by EBIT (154.6x coverage).
Balance Sheet
Dividend
What is Miramar Hotel and Investment Company current dividend yield, its reliability and sustainability?
3.35%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 71's dividend (3.35%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.95%).
High Dividend: 71's dividend (3.35%) is low compared to the top 25% of dividend payers in the Hong Kong market (5.98%).
Stability and Growth of Payments
Stable Dividend: 71's dividends per share have been stable in the past 10 years.
Growing Dividend: 71's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (114.4%), 71's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Martin Lee (48 yo)
14.75yrs
Tenure
HK$100,000
Compensation
Mr. Ka-Shing Lee, also known as Martin, has been a Joint Chairmen of The Hong Kong and China Gas Company Limited since May 28, 2019. He has been Chairman and Managing Director of Henderson Land Development...
Leadership Team
Experienced Management: 71's management team is considered experienced (4.8 years average tenure).
Board Members
Experienced Board: 71's board of directors are seasoned and experienced ( 22.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Miramar Hotel and Investment Company, Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Miramar Hotel and Investment Company, Limited
- Ticker: 71
- Exchange: SEHK
- Founded: 1948
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Market Cap: HK$10.323b
- Shares outstanding: 690.96m
- Website: https://www.miramar-group.com
Number of Employees
Location
- Miramar Hotel and Investment Company, Limited
- Mira Place Tower A
- 15th Floor
- Tsim Sha Tsui
- Kowloon
- Hong Kong
Listings
Biography
Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in Hong Kong and Mainland ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/08 10:26 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.